CNN: This Morning: ”He Does Not Have Enough’: Michael Cohen Predicts How Donald Trump Will Pay $355 Million Fine’

CNN: He Does Not Have Enough': Michael Cohen Predicts How Donald Trump Will Pay $355 Million FineSource:CNN talking to former Donald J. Trump Manhattan lawyer Michael Cohen.

Source:The New Democrat

“Former attorney for Donald Trump Michael Cohen says he thinks it’s unlikely Trump has enough funds available to pay for the roughly $438 million worth of fines from judgements against him in the past four weeks.”

From CNN

Just to try to back up what Michael Cohen said here about Donald Trump’s finances:

the self-proclaimed billionaire, Donald J. Trump on Friday, created a Go Fund Me account to help him meet the 355 million dollar judgment against him, from the New York fraud case that he lost.

Go Fund Me is sort of like the private sector’s version of a Welfare account. Its one’s personal charity account, that people can contribute to help someone who otherwise can’t pay their bills, or raising money that they don’t have for something else. And that’s assuming the person with the Go Fund Me account is even legitimate. Last I saw that was reported, Mr. Trump was at around 350 thousand dollars, with like 4,000 contributions.

Mr. Trump has to raise at least a certain percentage of the 355 million and only has a couple weeks to do that, as well as the 83 million from the Jean Carroll cases against him, just to be eligible to file an appeal in both cases. It’s sort of like a bond or collateral that he has to put up, before he can even file appeals in both cases.

Even Donald Trump himself is no longer talking like he even believes that he’s a billionaire. He’s saying and publications have reported that he personally has 600 million dollars on hand as far as his own personal wealth. But even if that’s true, what’s the Go Fund Me account for?

Donald Trump’s days as a Manhattan, New York businessman, could be coming to end, if not over right now. He doesn’t meet the premiums on the two civil judgments against him to even file his appeals, he loses his New York State business license immediately for 3 years. And then he’s into the criminal trials in Manhattan and Washington, where then his personal freedom is in serious jeopardy as well, because he’ll be convicted overwhelmingly in both cases.

About FredSchneiderUS

I'm a blogger who deals mostly with current affairs, public policy, politics, and history, who concentrates primarily on people who might be called Classical Progressives today, people who are to the left of Conservatives and Liberals (or Classical Conservatives and Liberals, if you prefer) but to the right of Democratic Socialists and Communists. But I also blog about Hollywood and sports as well.
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